COMMERCIAL.

New Zealand Herald, Volume V, Issue 1308, 25 January 1868, Page 4

COMMERCIAL.

London, November 26. Supplies of money are still large at slightly advanced rates, the object being to assimilate to the Bank rate of 2 per cent. Ihe latest quotations in open market ara —best paper, If to If. Half a million of bullion his bet-n withdrawn from the Bank of England for the Abyssinian eipfdilion, but the reserve is still excessive. The Bank is losing its di— count business. Exchange is quiet; confidence has been restored but transactions are limited. There is a considerable advance in Australian ecurities, equal in some cases to 2 per cent. New South Wales Government 5 per cents., 1871 to 1876, January-July, 99 to 100 ; ditto 0 per cent., 188S to 1895, January-July, 97 to 98 ; New Zialand, 5 per cent. 1891, 97 to 98 ; ditto 6 per cent 1891, MarchSeptember, 107 to 108; Queensland, 6 per cent. January-Jul}", 103J to 104j; ditto, 1891, to 104£; South Australian Government, 107 to 109; Victorian Government, 6 per cent., January-July 112-J to 113; ditto, April-October, 110\ to other Australian securities are steady. Hobson's Bay railway shares, 49 to 59; 6 per cent, bonds, 6 to 97, 5 per cent, 82 to 83. A second dividend has been declared in the estate of the Kew Zealand Banking Company; a dividend of Is in Overend and Gurney's estate, making 13s. At a meeting of the shareholders of the Royal Bank of Liverpool the call was increased from £5 to £10 per share. There is great dissatisfaction expressed with the management, and a committee of investigation was appointed. The resolution of the Government to tako the management of the telegraphs has given great satisfaction. No failures of importance to Australia. The Trust and Agency Company of Australia have declared a dividend of ) 0 per cent. The liquidation of the Bank of Queensland is proceeding satisfactorily. In the English funds there was little fluctuation during the month ; consols are quoted at 94J to J, with dividend. Money, 93 ; } to f, ex dividend; account, reduced, and new 3 per cents, are firm at 93 to -j.